CARGO / TRANSPORT AND SECURITIES

CARGO / TRANSPORT
INSURANCE LINES LEADING UNDERWRITER CAPACITY COVERAGE
GENERAL SPECIE QBE Syndicate 1036 USD 5,000,000 USD 5,000,000.00 SECURITIES IN TRANSIT, PAWNSHOPS, SECURITY TRANSPORT COMPANIES
FINE ART W.R. BERKLEY Syndicate 1967 USD 50,000,000 WORKS OF ART, COLLECTIONS, EXHIBITIONS, MUSEUMS, JEWELRY, JEWELRY SHOPS AND JEWELRY TRANSPORT, TERRORISM WITH RESPECT TO THESE RISKS
GENERAL CARGO Watkins Syndicate 457 USD 15,000,000 CARGO BUSINESS, TRANSPORT AND STORAGE
THEFT FOR BUSINESS CONTENTS Argenta Syndicate USD 4,000,000 BUSINESS INSURANCE (THEFT), IT EXCLUDES RETAIL BUSINESS
GENERAL TRANSPORT AXA USD 10,000,000 GENERAL TRANSPORT AND STORAGE
BROAD CARGO CATHEDRAL SYNDICATE 3010 USD 150,000,000 SECTION 1: CRUDE OIL TRANSPORT (PIPELINES)
BROAD CARGO CATHEDRAL SYNDICATE 3010 USD 200,000,000 SECTION 2: CRUDE OIL / GASOLINE / GAS AND/OR OTHER PETROLEUM PRODUCTS TRANSPORT
BROAD CARGO CATHEDRAL SYNDICATE 3010 USD 75,000,000 GENERAL TRANSPORT AND STORAGE
BROAD CARGO CATHEDRAL SYNDICATE 3010 USD 75,000,000 FINE ART

The basic information to apply for this type of risk is:

  • Insured´s Name.
  • Line of business.
  • Origin and destination of the commodities being transported including dates.
  • Description details of the items being transported.
  • Value of the items being transported.
  • Loss rate for the last 5 years.
  • Estimated revenue for the current year.
  • Revenue of last year.
  • Packing details of the cargo or commodities to transport (bulk, 50kg bags, containers, etc.)
  • Detailed securities held in transportation of goods.
  • Details on the insured’s business experience.
  • Limit per shipment and estimated annual mobilization.
  • Insurance Rate target ( if they have one ).

Additionally when storage is involved, it is necessary to know the following:

  • Type of inventory or commodities.
  • Maximum and average values at each location / warehouse.
  • Required insured Limits at each location and in the aggregate.
  • Security measures at each location.
  • When the risk of theft is covered, it is a subjectivity to have a central alarm connected to the police station that is running at all times.

Contact and suggestions

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